New York activist investor Jason Ader has suggested that GVC Holdings Plc will need to increase its 122.5p per share offer in order to succeed in its takeover bid for bwin.party Entertainment. Ader’s investment fund Springowl, which owns 5.2% of bwin.party, has stated that GVC Holdings and its bid backer Cerberus Capital Management will need to up its offer to …
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CMC Markets sponsors Land Rover BAR America’s Cup Team
CMC Markets,provider of spread betting and CFD trading has announced that they will be joining Land Rover BAR as Official Partner to help bring the America’s Cup home. The America’s Cup is the oldest international trophy in world sport, pre-dating the modern Olympic Games, the Ryder Cup and the World Cup. The America’s Cup started in 1851 with a race …
Read More »DraftKings enters ‘Unicorn Club’ with $300 million Series D funding
The US tech industry has branded the birth of another ‘Unicorn’ as daily fantasy sports (DFS) operator DraftKings announces that it has raised $300 million (£195 million) in series D funding. 21 Century Fox’s Fox Sports division contributed the majority of the rounds funding capital, other investors included venture capital firms Atlas Ventures, Kraft Group and Raine Group. This latest …
Read More »DraftKings scores exclusive MLS fantasy partnership
Following last week’s announcement that it would spend $250 million on Disney ESPN inventory over the next two years, US daily fantasy sports operator DraftKings continues to ramp up its marketing coverage by announcing an exclusive partnership with Major League Soccer (MLS). The MLS will become the fifth professional sports league/body to become an official partner of DraftKings joining the …
Read More »BetConstruct joins AGEM organisation
BetConstruct has announced that the Board of Directors of the Association of Gaming Equipment Manufacturers (AGEM) has unanimously accepted it as a member of this global non-profit international trade association representing manufacturers and suppliers of electronic gaming devices, systems, online technology, key components, table games, support products and services for the gaming industry. “BetConstruct is honored to have been unanimously …
Read More »DraftKings commits $250 million ad-spend with Disney ESPN
Daily fantasy sports (DFS) operator DraftKings is set to further its relationship with Walt Disney Company owned US sports network ESPN, by committing $250 million (£160 million) in ad-spend over the next two years. DraftKings will become the exclusive DFS partner to ESPN owned media channels and digital inventory as the operator secures its biggest advertising partnership and secures nationwide …
Read More »Darius Eghdami – FansUnite – Social Betting: Why Virtual is a Reality
FansUnite was started by three sports fans in Canada, and intends to be a site for fellow fans offering transparency, fun, and top wagering advice via its social betting platform and community. FansUnite utilises virtual currency meaning, should they opt to, users are able to bet on sports without the risk of losing any actual money. A place for gamblers of …
Read More »ESPN – DOJ & NFL agreed sports betting to be a ‘game of skill’
US sports network ESPN has disclosed that the Department of Justice and the NFL in legal documents have considered, sports betting to be a ‘game of skill’. The definition used by both parties may become a vital distinction in the progress of legalised sports betting within the US. ESPN, North America’s biggest sports broadcaster, discovered the documents by searching public …
Read More »EIG 2015 – Rahul Sood – Unikrn – eSports: Creating a competitive dynamic
Introducing eSports to the gambling sector will be a key theme at EIG 2015 (Berlin Arena Halle 20-22 October). The rise of competitive platforms in eSports has seen a number of questions being asked of this contemporary industry SBC caught up with Rahul Sood Co-Founder and CEO of Unikrn, an eSports competitive platform that plans to lead this exciting and …
Read More »PokerStars eyes fantasy sports product launch ahead of new NFL season
PokerStars appears to be gearing up for the launch of its US daily fantasy sports (DFS) product in time for September’s start of a new NFL Season. Last week the Amaya Inc owned poker brand contacted former US players to participate in a DFS survey as it tried to gather market information. At present the operator has not outlined any …
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